Qualcomm rival MediaTek jumps 10% after $3.5 billion Nvidia AI chip deal
The two companies will work on integrating Nvidia technology with MediaTek's custom AI chip business as well as other areas such as PCs and cars.
MediaTek's shares jumped 10% following a deal with Nvidia worth $3.5 billion. The two companies will collaborate on integrating Nvidia technology with MediaTek's custom AI chip business, as well as in other areas such as PCs and cars, according to CNBC.
Separately, AI lab Anthropic has signed a six-year deal with Lambda, a US-based startup backed by Nvidia, for access to cloud computing power worth $35 billion. Anthropic also recently signed a similar six-year deal worth $45 billion with Nscale, a cloud provider based in London.
Anthropic has signed various computing deals worth at least $135 billion this year, as it competes with AI lab OpenAI.
Brief written by urgent.news from CNBC, CNBC World, New Straits Times, Free Malaysia Today — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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